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China had set a GDP growth target of about 6.5 percent for the year. It achieved a higher-than-expected 6.9 percent GDP growth in the first quarter. Recent indicators, such as the purchasing managers index, a gauge of business conditions and economic health, also showed that growth remained steady in May.

China granted export quotas for refined oil products to non-State-owned refineries in 2016 but canceled the quota due to a less than satisfactory completion rate.

China commended the clarification Uganda made on Wednesday, in which the African country's Foreign Ministry said that Chinese diplomats were not involved in ivory smuggling and that the Ugandan government is committed to strengthening ties with China.

China has become the developing country with the largest overseas bank assets, a trend in support of the increasingly international ambitions of Chinese businesses and opportunities within government-led initiatives.

China exceeded last year's job creation target. In March, it set the 2019 target at 11 million, but by the end of November around 12.79 million new urban jobs had already been created.